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Well-known institution's fund is close to zero? Response: Misreading fund "allocation"

2024-08-05

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According to CSI Taurus, a rumor that "a well-known investment institution has stepped on a landmine, and the Chinese dollar real estate bond fund has been cleared" has been widely circulated on social media recently. A user posted that he received an email from CDH Investments, saying that the CDH Asia Credit Opportunities Fund, which was bought about 7 years ago, had been liquidated, and the remaining value of the fund after the liquidation was only US$350,000. According to people close to CDH Investments, the rumor mistakenly interpreted "the last distribution of the fund" as "the overall distribution of the fund", which caused market controversy. In 2020, CDH Fixed Income Management Company took the initiative to initiate the liquidation and exit process for the Asian Credit Opportunities Fund it manages. According to people close to CDH Investments, from the start of the liquidation to June 2024, the fund has made five rounds of distributions to fund holders, and regularly sent fund operation and evaluation audit reports to fund holders. It is understood that the fund liquidated its liquid positions in May 2020 and completed the first round of distribution on June 1, distributing the cash proceeds (about 80.5% of the fund's net value at the time) to fund holders; in the following two years of 2022 and 2023, a total of four distributions were completed to fund holders. In July 2024, after completing the fund liquidation process and paying third-party audit custody fees, CDH notified fund holders that it would make the sixth and final distribution of the remaining cash of US$352,000 since the start of liquidation. The above-mentioned person said that the rumor that "there were 200 holders in the last round of distributions" was not true.

(Source: Tonghuashun, the above information is automatically generated by Nandu Wancaishe AI ​​big data)